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Working Papers | CFSP | Consortium on Financial Systems and Poverty
Home › Publications › Working Papers

Working Papers

We invite you to explore the working papers supported directly by CFSP as well as key working papers in the field of financial systems and poverty that were written by Consortium researchers.

Recent Working Papers

The Value of Free Water: Analyzing South Africa's Free Basic Water Policy
Andrea Szabo
2012

This paper analyzes South Africa’s Free Basic Water Policy, under which households...

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Ownership Matters: the Geographical Dynamics of BAAC and Commercial Banks in Thailand
Juliano Assunção, Robert M. Townsend, Sergey Mityakov
2012

We present two dynamic spatial competition models for the provision of financial services in...

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Expansion of Spanish Banks: Distance Costs and Proximity Gains
Jesus Saurina, Robert M. Townsend, Daniel Keniston, Carlos Perez Montes
2012

A striking empirical feature of the expansion of financial institutions in Spain is the degree...

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Compiling and Understanding the Flow of Funds in Developing Countries
Christopher J.Green, Tomoe Moore, Victor Murinde, Joy Suppakitjarak
2012

In this paper, we consider the construction of flow of funds data in a small sample of...

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The Demand for, and Consequences of, Formalization Among Informal Firms in Sri Lanka
Suresh de Mel, David McKenzie, Robert M. Townsend
NBER Working Paper No. 18019 | 2012

 

We conduct a field experiment in Sri Lanka providing informal firms incentives...

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Sharing Wage Risk
Stéphane Bonhomme, Pierre-Andre Chiappori, Robert M. Townsend, Hiroyuki Yamada
2012

Our paper introduces three innovations with respect to the standard literature. First, labor...

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Informal Insurance, Social Networks, and Savings Access: Evidence from a Lab Experiment in the Field
Arun Chandrasekhar, Cynthia Kinnan, Horacio Larreguy
2012

Social networks are understood to play an important role in smoothing consumption risk,...

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The Impact of Climate Change on Rice Yields: the Importance of Heterogeneity and Family Networks
John Felkner, Robert M. Townsend, Kamilya Tazhibayeva
2012

In this publication, the authors quantify the impact of weather variation and climate change...

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The Finance and Growth Nexus Re-Examined: Do All Countries Benefit Equally?
Adolfo Barajas, Ralph Chami, Seyed Reza Yousefi
2012

A large theoretical and empirical literature has focused on the impact of financial deepening...

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Do the World's Central Banks React to Financial Markets?
Francisco Muñoz, Klaus Schmidt-Hebbel
2012

We investigate if the world's central banks’ setting of monetary policy rates is...

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